[TON Strategy Reports Q3 Revenue of $13.1 Million, Net Loss of Approximately $24 Million] According to a statement released by TON Strategy, the Nasdaq-listed company (TONX) reported total revenue of $13.1 million in the third quarter, primarily from GRAM staking rewards. Second-quarter revenue was $15 million, with the sequential decline mainly due to lower GRAM prices. The company incurred a net loss of approximately $24 million in the third quarter due to an unrealized fair value loss of $27.2 million on its GRAM holdings. As of September 30, the company held approximately 235.1 million GRAM tokens, of which approximately 232.9 million were pledged, with a fair value of approximately $348.5 million and an annualized staking yield of approximately 16%. The company also repurchased approximately 1.8 million shares in the third quarter, amounting to approximately $5.7 million.